Foreclosure shopping options

1 Reply

As a new investor which deal is better to Start with?

1-invest on a multifamily deal where I could stay and use one Unit for myself and rent others (house hacking)?

2-invest on a cheap but sure foreclosure apartment and flip it to gain interest?

(Please consider the fact to get a mortgage with 3.5 - 5 % down payment I'll need job verification w2 which I had till March for 2 years but I changed my career in March and started as a self employed)

I'm not sure If different lenders in the market matching my situation?

Thanks

It sounds like you may need to speak with lenders for both scenarios and see what/if you can get pre-qualified for.  Their response may give you the direction you are looking for. My first property I purchased was a duplex and lived in it and it covered my expenses, so for me personally, it was a good way to start in investing.